Crypto Price Today Live: Bitcoin holds $20,000; Solana, Avalanche & Polygon shed up to 11%

economictimes.indiatimes.com:

Bitcoin barely held the $20,000 mark whereas the Merge-bound Ethereum outperformed its largest peer. Red hot US inflation numbers spooked traders across the globe. Markets are expecting another series of aggressive rate hikes by the US Fed to tame rising prices. Major crypto tokens were trading with big cuts as Solana plunged 11 per cent, followed by Avalanche which was down over 9 per cent. Polygon and Bitcoin dropped 8 per cent each. XRP and Ethereum shed 6 per cent each. The global cryptocurrency market cap tanked sharply to $997.97 billion, down as much as 6 per cent in the last 24 hours. However, the total trading volume increased by over 12 per cent, close to $101.37 billion.

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From tracking sustainability of products to monitoring pollution, environmental researchers are now finding blockchain’s use in solving the climate crisis.

What's cooking in India5ire, the 5th-generation blockchain network, has recently acquired a stake in Network Capital (NC) and named Utkarsh Amitabh as Chief Marketing Officer. NC will now be rebranded as 'NC powered by 5ire.' NEAR Foundation, the Swiss non-profit that oversees the governance and development of the NEAR protocol, has announced the launch of a regional hub in India dedicated to blockchain talent development and innovation. The hub marks a strong commitment from NEAR to invest in India, which hosts the most talented developers and Web3 creators but is also one of the largest startup and entrepreneur communities in the world.Expert takeThe start of the week was pretty bearish as about 80 per cent of the coins and tokens ended up in the red zone, said Sathvik Vishwanath, Co-Founder & CEO, Unocoin. Volatility was observed with coin LUNC, which on Monday